₹4,236.60 crore, according to NSE data. DIIs bought equities resulting in an inflow of ₹3,569.36 crore, the exchange data showed.Oil steadied after jumping Wednesday on signs Israel will proceed with a ground invasion of Gaza, reviving concerns the conflict could escalate and threaten energy supplies.The 10-year yield has been catching up to the Federal Reserve’s main interest rate, which is above 5.25% and at its highest level since 2001 as the central bank tries to get inflation under control.In the second quarter of the fiscal year 2024, Axis Bank Ltd disclosed a net profit of ₹5,863 crore, demonstrating a 10% growth from ₹5,329.8 crore recorded in the corresponding quarter of the previous year.
Despite this positive performance, the Axis Bank share price concluded with a decrease of 0.84% at ₹955.35 apiece on the BSE.Moreover, the net interest income (NII) for Q2FY24 experienced a substantial increase of 18.9%, amounting to ₹12,314.56 crore compared to ₹10,360.26 crore in the same period of the previous year. (Read More)Home textiles major Welspun Living Ltd on Wednesday reported a multi-fold rise in consolidated net profit to ₹200.41 crore for the September quarter.Key HighlightsIn the second quarter of the fiscal year 2024, IT major Tech Mahindra witnessed a significant decline in its consolidated net profit, experiencing a 61.1% year-on-year (YoY) drop to ₹505.3 crore, as opposed to ₹1,299.2 crore.
Additionally, the net profit fell by 28.18% sequentially. Comparatively, the company's net profit in the preceding quarter, Q1FY24, was ₹703.60 crore.The consolidated revenue from operations for the same period, Q2FY24, was reported at ₹12.86 crore, reflecting a decrease of 1.98% from the year-ago quarter when it stood
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